Grasping the Distinction Between Economic and Non-Economic Damages in Personal Injury Claims. Understanding the difference between economic and non-economic damages is essential when dealing with a personal injury case. Understanding this information can greatly influence the result of your case and help guarantee that you obtain just compensation. What are Economic Damages? Economic damages pertain to the measurable, concrete losses incurred due to an injury. This encompasses healthcare costs, income loss, and other monetary effects that are directly linked to the injury. For instance, if you’ve had to take time off work because of an injury, the earnings you forfeit during that time are classified as economic loss. In the same way, expenses related to medical treatment and rehabilitation fall into this category of damages. What are Non-Economic Damages? Conversely, non-economic damages refer to losses that are intangible and cannot be directly measured in monetary terms.